Eder Financial Inc

Organization Overview

Eder Financial Inc is located in Elgin, IL. The organization was established in 1991. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. As of 12/2023, Eder Financial Inc employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eder Financial Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2023, Eder Financial Inc generated $30.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $34.7m during the year ending 12/2023. While expenses have increased by 3.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

EDER FINANCIAL, INC. HAS A STATED PURPOSE TO SUPPORT THE FINANCIAL WELL-BEING OF THE CHURCH OF THE BRETHREN AND OTHER PERSONS AND GROUPS THAT SHARE SIMILAR VALUES BY OFFERING PROGRAMS THAT PROVIDE RETIREMENT, MEDICAL AND FINANCIAL AID BENEFITS TO MINISTERS, MISSIONARIES AND LAY EMPLOYEES OF CERTAIN CHURCHES AND CHURCH RELATED AGENCIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDES RETIREMENT BENEFITS FOR ORDAINED AND LAY PASTORS AND CHURCH WORKERS, AND EMPLOYEES OF CONGREGATIONS, DISTRICTS, CAMPS, AGENCIES, AND AFFILIATED ORGANIZATIONS OF THE CHURCH OF THE BRETHREN AND OF OTHER LIKE-MINDED DENOMINATIONS AND GROUPS.


PROVIDE MEDICAL, DENTAL, VISION, LONG TERM DISABILITY AND LIFE INSURANCE TO ORDAINED AND LAY PASTORS AND EMPLOYEES OF CONGREGATIONS, DISTRICTS, CAMPS, AGENCIES, AND AFFILIATED ORGANIZATIONS OF THE CHURCH OF THE BRETHREN AND OF OTHER LIKE-MINDED DENOMINATIONS AND GROUPS.


CHURCH WORKERS ASSISTANCE PLAN - PROVIDES FINANCIAL AID AND EMERGENCY ASSISTANCE TO CHURCH OF THE BRETHREN PASTORS AND EMPLOYEES OF CONGREGATIONS, DISTRICTS, AND CAMPS WHO MEET TENURE REQUIREMENTS.


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Board, Officers & Key Employees

Name (title)Compensation
Kevin Boyer
Board Member
$0
Sara Davis
Board Member
$0
Jan Fahs
Board Member
$0
Katherine Haff
Board Member
$0
Donna March
Board Member - Past
$0
Russ Matteson
Board Member
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Milliman Inc
Consulting Firm
$220,948
Conner & Winters Llp
Law Firm
$105,532
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$4,466
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$4,466
Total Program Service Revenue$9,959,574
Investment income $11,461,244
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $7,817,839
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $30,148,331

Grants Awarded

Over the last fiscal year, Eder Financial Inc has awarded $50,000 in support to 5 organizations.

Grant RecipientAmount

CROSS KEYS VILLAGE

PURPOSE: HARDSHIP GRANT

$10,000

BRETHREN RETIREMENT COMMUNITY

PURPOSE: HARDSHIP GRANT

$10,000

TIMBERCREST SENIOR LIVING

PURPOSE: HARDSHIP GRANT

$10,000

VILLAGE AT MORRISON'S COVE

PURPOSE: HARDSHIP GRANT

$10,000

PINECREST COMMUNITY

PURPOSE: HARDSHIP GRANT

$10,000
View Grant Profile

Peer Organizations

Organization NameAssets
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Branson, MO
$37,754,925
Eder Financial Inc
Elgin, IL
$30,148,331
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$30,552,688
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$15,678,545
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$11,583,875
Reaching And Teaching International Ministries Incorporated
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$11,264,547
Kentucky Baptist Assemblies Inc
Louisville, KY
$10,282,629
International Messengers
Clear Lake, IA
$7,275,152
International Fellowship Of Evangelical Students Usa Inc
Madison, WI
$6,132,188
Siebert Lutheran Foundation Inc
Milwaukee, WI
$3,041,455
American Lutheran Church
Elk Horn, IA
$6,330,517
Wisconsin Evangelical Lutheran Synod Kingdom Workers Inc
Waukesha, WI
$4,902,019
Vcy America Inc
Milwaukee, WI
$4,388,148
Leadership Resources International
Palos Heights, IL
$3,880,671
Operation Saturation Inc
Wheaton, IL
$2,995,973
K-Life Ministries
Branson, MO
$3,583,040
Stephen Ministries
Saint Louis, MO
$5,273,719
Louisville Protestant Altenheim
Louisville, KY
$3,189,748
Society Of St Vincent De Paul Rockford Council
Cherry Valley, IL
$3,248,198
Adult & Teen Challenge Usa
Ozark, MO
$2,899,819
Life In Abundance International
Louisville, KY
$3,093,838
Canons Regular Of St John Cantius
Chicago, IL
$1,815,526
United Methodist Foundation Of Indiana Inc
Fishers, IN
$2,034,673

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